Mobile Home Notes

I'm going to be graduating high school in just about 5 months now. Once I'm out of high school, I'll begin my career as a real estate investor, starting out with simple mobile home deals. I'll be working with extremely limited resources, so it's quite necessary that I regain my original investment soon after one deal finishes to start another.

So that being the case, here are the details. I'll be doing these deals around Flint, Michigan. From what research that I've done, I'd say my average investment would be around $2,000 to buy each mobile home. I'd then need to sell each $2,000 note quickly, so I figured something around 15-18% interest would be somewhat motivating (This should make the total gain for the investor somewhere around $300-$360). These aren't going to be the one note to get rich quick, but they are a cheap and quick investment with a decent reward.

All of that being said, I am wondering who would be interested in buying these notes? I need to know before I begin so that I have an idea of how many times I'm going to be able to reinvest my money. Also if you have any sugguestions on tweaks I could do to make the deal more attractive to another potential investor, please feel free to fire away.

Mikey, I'm not a notes guy, so far be it from me to have the last word on this. I would start with the local newspapers and see who is advertising that they buy notes, and who is advertising that they have notes for sale. Talking with some of these guys will begin to give you an idea of what is happening locally.
Then I would use the power of the internet and do some searches on the subject for more info.
And if mobile homes is your area of interest, creonline has a mobile homes forum which might prove helpful.

I see that this message was from 2 years ago. I am not sure if you are still in this business because I work with note investors who purchase notes on a daily basis and would be happy to take these notes. If you are interested and want to make money please send me an e-mail: info@americannoteseverywhere.com

Thank you and I hope to see your response.

Hey All,

I'm going to be graduating high school in just about 5 months now. Once I'm out of high school, I'll begin my career as a real estate investor, starting out with simple mobile home deals. I'll be working with extremely limited resources, so it's quite necessary that I regain my original investment soon after one deal finishes to start another.

So that being the case, here are the details. I'll be doing these deals around Flint, Michigan. From what research that I've done, I'd say my average investment would be around $2,000 to buy each mobile home. I'd then need to sell each $2,000 note quickly, so I figured something around 15-18% interest would be somewhat motivating (This should make the total gain for the investor somewhere around $300-$360). These aren't going to be the one note to get rich quick, but they are a cheap and quick investment with a decent reward.

All of that being said, I am wondering who would be interested in buying these notes? I need to know before I begin so that I have an idea of how many times I'm going to be able to reinvest my money. Also if you have any sugguestions on tweaks I could do to make the deal more attractive to another potential investor, please feel free to fire away.